World Stocks Capped By Trade War Concerns Central Banks

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LONDON – World stocks hovered near one-month highs on Wednesday as an expected U.S. interest rate rise and risks of a fresh outbreak of trade tensions between China and the United States overshadowed a generally benign political and economic backdrop.

Wall Street appeared set for a modestly firmer open, potentially building on the previous session’s gains, which were fueled by buoyant mergers and acquisitions activity among media and telecoms firms .SPX IXIC .ESC1.

European shares rose too as global company earnings have been revised up, according to Thomson Reuters I/B/E/S.




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